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DRI Jun 2024 145.000 put

OPR - OPR Delayed price. Currency in USD
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0.04000.0000 (0.00%)
As of 03:53PM EDT. Market open.
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Previous close0.0400
Open0.3800
Bid0.0000
Ask0.0000
Strike145.00
Expiry date2024-06-21
Day's range0.0200 - 0.4000
Contract rangeN/A
Volume431
Open interestN/A
  • Yahoo Finance Video

    Darden Restaurants beats earnings, but this analyst is cautious

    Shares of Darden Restaurants (DRI) are rising following the company's better-than-expected earnings report, surpassing both revenue and profit estimates. Despite this beat, Guggenheim Securities Senior Analyst Gregory Francfort joins Catalysts to discuss his decision to trim estimates for the company's upcoming quarter. Francfort acknowledges Darden's position as the leading full-service restaurant chain but points out that "they continue to see a little bit of pressure on the low-end consumer." He also notes a shift in customer behavior, with "less check management" occurring, leading him to conclude that "there is a mixed read on the consumer" due to this dynamic. Over the past few years, Darden has maintained prices approximately 6-7% below its competitors, according to Francfort. However, this pricing strategy hasn't translated into significant traffic growth as consumers grappled with inflationary pressures. While the most recent quarter showed modest improvement in this trend, Francfort maintains a cautious outlook on the company's forward prospects. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith